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Madhusudan
Madhusudan is a 41-year-old physically challenged person. He lives with his wife, son aged 14, and a daughter aged 7. His wife is a housewife and both his children are attending school. He has been running a small tea and betel shop in his village located in the state of Odisha, India for the past 10 years. He sells tea, betel, biscuits, toffees, wafers and tobacco sachets in his shop. He earns 3,000 Indian Rupees (INR) per month from his shop.

He has a plan to make his shop bigger and add some more stock of what he sells. He also wants to buy a refrigerator to keep other products like soft drinks and chocolates in his shop.

He has asked for a loan of 20,000 INR for making his shop bigger and purchasing the above mentioned items. He has a dream for his daughter study in a good school and his son to graduate from a nice college, so that both his children can have a bright future.

Additional Information

Important note about this loan

Due to Indian government regulations, if you fund this loan, you will not be repaid for at least 3 years. This borrower will likely repay your loan much sooner than that, in which case, the Field Partner may re-loan your funds to help other local borrowers. We want you to be aware of this minimum 3-year waiting period and the associated risks before making a loan to Indian borrowers on Kiva. Learn More >

About People's Forum

People’s Forum is a development organization based in Odisha, India that provides affordable loan products and support services to women. The organization distinguishes itself by reaching out to particularly marginalized groups, including leprosy-affected families, widows, single mothers, and disabled persons. People’s Forum will harness Kiva’s flexible, zero-interest capital to serve even more borrowers in one of the poorest regions of India.

About India

  • $2,900
    Average annual income
  • 0
    View loans »
    India Loans Fundraising
  • $4,672,550
    Funds lent in using Kiva
  • 55.5
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $375 helped Madhusudan to enlarge his shop and buy more betel, biscuits, wafers, tobacco sachets and also a refrigerator to keep soft drinks and chocolates.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 15, 2012
Currency Exchange Loss:
Possible